Toyota Group Launches First 1 Billion Yen Blockchain Bond
Toyota Financial Services is set to launch its first blockchain-powered security token bonds next month, marking a significant step in the company’s embrace of digital assets. This initiative is backed by financial giants Daiwa Securities and Mitsubishi UFJ Bank, according to reports from CoinPost and an official Toyota Financial Services press release.
Toyota Security Token: Key Details
The security token will be issued on the Mitsubishi UFJ-affiliated Progmat platform, which has been working on interoperability solutions for stablecoins across multiple blockchain protocols.
Toyota Wallet users will receive exclusive benefits for holding these security tokens. Toyota Wallet, the company’s digital payment app, will integrate incentives for investors who purchase the bonds.
Named the Toyota Wallet ST (securities token) bond, the offering will amount to 1 billion yen ($6.6 million) as an unsecured security token bond. The bond is set to mature one year after issuance, with a launch date of March 3, 2025. Sales will commence on February 20, concluding on February 27.
The Toyota Wallet App (Source: Toyota Wallet/YouTube/Screenshot)
Toyota’s goal is to leverage blockchain technology to enhance engagement between the company and individual investors. The bond issuance will utilize Progmat’s software-as-a-service (SaaS) digital asset issuance and management platform.
Additionally, Toyota Financial Services will provide bonus credit to token holders in their Toyota Wallets. Investors spending over 1 million yen ($6,567) on the security tokens will receive a bonus credit of over $65.67 in their Toyota Wallet accounts.
Major Financial Institutions Involved
Daiwa Securities will serve as the underwriter for the offering, while Mitsubishi UFJ Bank will act as the bond administrator. The Mitsubishi UFJ Trust and Banking Corporation will oversee bond registry administration.
Japanese Corporations Expanding Security Token Operations
The move aligns with broader trends in Japan, where major corporations are increasingly investing in security tokens as the government pushes for blockchain adoption.
History and Current Status of Japan’s Security Token Market (Source: Cryptocompare)
Last year, Mitsubishi UFJ announced a partnership with e-commerce and entertainment giant Rakuten and Mizuho Bank to explore new security token offerings. This initiative also involved Daiwa Securities, Japan’s second-largest securities firm.
Toyota’s blockchain-powered bond issuance represents another milestone in the growing adoption of security tokens within Japan’s financial ecosystem.
